Phosphorus Market

The report on the global phosphorus market discusses dynamics such as growth drivers, opportunities, trends, and market restraints. While the allotropic forms of phosphorus are many, only red and white phosphorus hold significant commercial significance. Phosphorous-a chemical element-and its derivatives find applications in a variety of industries such as fertilizers, chemical intermediates, batteries, flame retardants, water treatment, and detergents among others. The fertilizers industry, especially, has shown a massive appetite for phosphates that are formed with metals to meet its demand for increasing crop production. The most widely-used derivatives of phosphorous are phosphorus penta-oxide, industrial phosphates, phosphoric acid, phosphorus chloride, and others.

This market research report takes into consideration the supply side as well as demand side of the phosphorus industry to analyze what the next few years hold for the global phosphorus market.

Furthermore, the global phosphorus market report offers a detailed analysis of the competition to emerge with definitive growth numbers, market share figures, and forecasts. To do this, analysts have made extensive use of primary research derived from C-level executives and industry experts. Additionally, tools such as Porter’s Five Forces Analysis and SWOT analyses have been deployed for qualitative analysis.

Overview of the Global Phosphorus Market

The soaring demand for food crops has in turn boosted the use of fertilizers to optimize crop productivity. Phosphorus derivatives see the highest demand from the fertilizers industry – this indicates that the phosphorus market will increase in keeping with the exponential rise in the demand for food. In the flame retardants sector, regulatory mandates have now compelled the use of non-halogenated flame retardants in place of the halogenated varieties. This has, in turn, created higher demand for phosphorus.

However, a dent in the demand for phosphorous is expected in developed countries, where its use has been greatly restricted or even banned by governments. A case in point would be the ban on detergents containing phosphorus in certain countries. As a result of such mandates, players in the global phosphorus market will be compelled to foray into markets where the stringency of regulations is relatively low.

A key opportunity waiting to be tapped in the global phosphorus market is the use of this element in rechargeable batteries. Over the next few years, this application area could present high lucrative potential. The growth in electric vehicle (EV) sales will has a positive impact on the phosphorus market as lithium iron phosphate batteries are widely preferred for their low price tags and stability.

Currently, Asia Pacific is the predominant phosphorus market and the demand for its derivatives is also seen to be high because it is not yet governed by rigorous regulations. India and China exhibit the highest demand for phosphorus in this region. The second largest phosphorus, by region, exists in the U.S., where it is chiefly consumed by the chemicals industry, flame retardant manufacturers, and treatment chemicals makers. The increased popularity of electric vehicles in Europe, and the consequent demand for electric car batteries, will enable the European phosphorus market to grow at a healthy rate over the forecast period of this report.

The report identifies three countries-the U.S., China, and Vietnam-as being the topmost producers of phosphorus as well as its derivatives.

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